Report highlights strong Latin America infrastructure potential

A new report highlights the enormous economic potential for infrastructure in Latin America. According to the new report from analytics specialist GlobalData, the infrastructure sector in Latin America could reach a value of US$175.8 billion by 2020.

The report suggests that the total value of infrastructure spending in Latin America will reach $142.5 billion in 2019. The report adds that anticipated growth will see infrastructure spending in Latin America hit $175.8 billion for 2020. GlobalData has made this analysis based on the activity for 1,711 large-scale projects in Latin America that are planned or being built at present. These have a combined value of $829.2 billion according to GlobalData.